e.l.f. Beauty (NYSE:ELF) Stock Price Down 0.5% on Insider Selling

e.l.f. Beauty, Inc. (NYSE:ELF) shares fell 0.5% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $110.46 and last traded at $111.25. 732,207 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 1,752,771 shares. The stock had previously closed at $111.83.

Specifically, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analysts Set New Price Targets

Several research firms have recently weighed in on ELF. Truist Financial boosted their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Raymond James restated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. UBS Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley began coverage on e.l.f. Beauty in a research report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price objective for the company. Finally, Bank of America lowered their target price on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.80.

e.l.f. Beauty Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The stock has a market cap of $6.22 billion, a P/E ratio of 50.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. The stock’s 50-day moving average is $152.06 and its two-hundred day moving average is $173.47.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Hedge Funds Weigh In On e.l.f. Beauty

Several institutional investors have recently bought and sold shares of ELF. Guidance Capital Inc. increased its stake in e.l.f. Beauty by 1.6% during the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after acquiring an additional 56 shares during the last quarter. Picton Mahoney Asset Management raised its stake in shares of e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares during the period. Hanseatic Management Services Inc. lifted its stake in e.l.f. Beauty by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after purchasing an additional 77 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after buying an additional 88 shares during the period. Finally, American International Group Inc. grew its stake in shares of e.l.f. Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after buying an additional 90 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.